Posted by AuntieMel on May 9, 2005, at 13:57:33
In reply to Money, posted by eloaf on May 8, 2005, at 1:02:27
"Why would someone have so much money that they could pass on hage sums of it after their death. The reason can only be one of two either they worked producing or serving soo much in their life and spent almost nothing or they were overpaied. The fact is that its usually the latter."
Fact is that most millionaires in this country got that way by spending much less than they earn.
Try reading "The Millionaire Next Door"
Another interesting bit I heard, but I don't remember where: if all the money in a country were redistributed equally in a fairly short amount of time those who have it now woud have it again and those who don't have any now wouldn't then.
So, while an inheritance might get a person started if they don't do something with it they will lose (spend) it all.
You only need to look at lottery winners for proof of this.
poster:AuntieMel
thread:495094
URL: http://www.dr-bob.org/babble/poli/20050509/msgs/495598.html